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Tag: EUR

Euro Rises as U.S. dollar drops
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Euro Rises as U.S. dollar drops; Markets Await U.S. CPI

The U.S. dollar dropped further from highs last seen 20 years ago – a development that benefited risk appetite. At the same time, the Euro and British pound recorded gains. Global stock markets were volatile ahead of the release of the U.S. CPI inflation report. Today, Monday, markets in China,
Euro down and Dollar up

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The Euro Below 99 Cents for First Time in 20 Years

European equity futures dropped, and the euro and pound sterling fell today, Monday as the energy crisis has been escalating adding pressure to an already stressed global economy troubled by soaring inflation and the tightening of monetary policies. At the same time, the U.S. dollar was firm as commodity currencies
US Dollar HIGH

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US Dollar at 20-year High as Powell Signals more Rate Hikes

Federal Reserve Chair Jerome Powell’s indications for more interest rate hikes for longer at his Jackson Hole Symposium speech pushed the US dollar to highs last seen two decades ago. The comments sent tidal waves across global markets as they caused global stock markets and equity futures to drop, they
US Dollar HIGH

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U.S. Dollar at 5-week High, Fed Signals Hawkish Mood

Prospects of a continuous. aggressive monetary policy by the Fed, the troubled Chinese property market, a power crunch and Covid 19 mobility curbs make up some major markets forces for today, Monday. Among other market movements, the U.S. dollar rose while global stock markets dropped. Global Stock markets The recent
blog eu summit cover brexit 24 5 21
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EU Summit to Cover Brexit, COVID-19, Climate Change

Today, the European summit, a two days’ long political meeting at which the assembled political leaders will voice their foreign, social, and economic policy concerns, begins. In particular, the summit will focus on the review of Brexit agreements and Europe’s relations with Russia, especially after this weekend’s incident in which